Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path
Cleveland Fed President Beth Hammack stated that rising long-term Treasury yields are driven by growth outlooks, government debt concerns, and expectations for future interest rate hikes.
Federal Reserve Bank of Cleveland President Beth Hammack said long-term Treasury yields are being driven higher by a stronger growth outlook, concerns about government debt and expectations for additional interest-rate increases from the US central bank.
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